Today's Focus

Current Goal: Automate Savings and Mortgage Paydown

1) Extra $1,100/mo. to mortgage
2) $1,000/mo. to short-term savings
3) $400/mo. to investing

Previous Goal: Eliminate Mortgage on Rental Property
Interest Rate is 5.125%!

January 1, 2019: $59,592
August 11, 2020: PAID!


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Sunday, July 5

My Frugal Miser - June Expenses: $24,319 (!!!)


I made a lot of progress in June towards reducing ongoing expenses.  I bought a used Elantra to replace the Sonata.  I will be selling the Sonata soon.  This will reduce auto expenses in a couple ways:  the Elantra is more fuel efficient, so I'll save on gas.  It will also reduce repairs.  The other thing I did was make a significant principal payment on the rental property mortgage.

The rental property has a 5.125% mortgage.  I had money sitting in a bank account basically earning nothing.  In June I paid $35,575 towards reducing the balance.  This cuts $150/month in interest.  I will pay off the entire mortgage as fast as possible, which means $449 in monthly mortgage payments will go away soon!


Large Expenses

  • I paid $1,358 for the yearly insurance on the Airbnb house.
  • I spent $2,308 on our rental properties.  We worked on the vacant Birmingham property last month.
  • $532 was spent on the Sonata.  This includes two new tires (an almost new tire had to be replaced due to damage from a nail) and an emergency repair that required a tow to the shop.
  • We replaced the carpet in our home's living room with vinyl tile.  Eventually I will probably extend the tile to the master bedroom.

Everything Else

Our food costs are always high.  In June we traveled to Birmingham and Las Vegas, which contributed to higher restaurant spending.  Fortunately the Vegas trip was super-frugal.  The hotel rooms were free, I had credits on Southwest for the flight, and I hit a Royal Flush on video poker, which paid for the trip.  I also spent $154 for a Groupon to tint the windows on the new car.

June Business Spending:  $3,970
June Personal Spending:  $5,959
June Car Purchase:  $14,390

June Expenses:  $24,319

$14,390 New Car
$1,151 Auto (service, gas, insurance, AAA, etc.)
$0 Bank Fees
$0 Clothing/ Personal Care
($10) Fun (vacations movies, gambling, alcohol, concert tickets) income this month
$856 Food
$406 Health and Dental
$2,605 Household/Mortgage Payment/Home Repair
$0 Interest Expense
$0 Miscellaneous
$640 Taxes includes quarterly tax payments
$0 App Jobs Expenses (tolls, car washes, etc.)
$0 Unreimbursed Job Expenses
$0 Reimbursed Job Expenses
$309 Utilities
$2,308 Rental Property Expenses
$1,662 AirBNB Expenses

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